A E C I LIMITED - Dealings in securities by directors, group company secretary, director of a major subsidiary and prescribed officers

Dealings in securities by directors, group company secretary, director of a major subsidiary and prescribed officers

AECI LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
(“AECI” or “the Company”)

DEALINGS IN SECURITIES BY DIRECTORS, GROUP COMPANY SECRETARY, DIRECTOR OF
A MAJOR SUBSIDIARY AND PRESCRIBED OFFICERS

In compliance with the JSE Limited (“JSE”) Listings Requirements (“Listings Requirements”), the
following information is disclosed:

In terms of the rules of the AECI Long-Term Incentive Plan (the “LTIP”), participants were allocated
performance shares in 2016. The performance shares vest on the third anniversary of the allocation
date, resulting in the 2016 tranche vesting on Sunday, 30 June 2019. The LTIP rules provide that,
where the vesting date falls on a day other than a business day, vesting must occur the following
business day, which in this case is today, Monday, 1 July 2019. Accordingly, Avior Capital Markets
Proprietary Limited, which purchased the shares on behalf of the LTIP, delivered the shares to the
participants today.

The participants include the Company’s Directors, the Group Company Secretary, a Director of a major
subsidiary and Prescribed Officers who received their shares as follows:

 Name                 Position                                               Number of vested
                                                                             shares
 Mark Dytor           Chief Executive, AECI                                            39 269

 Mark Kathan          Chief Financial Officer, AECI                                    28 910

 Nomini Rapoo         Group Company Secretary, AECI                                     7 434

 Edwin Ludick         Director of AECI Mining Solutions Limited, a major               14 861
                      subsidiary of the Company
 Dean Murray          Prescribed Officer, AECI                                          8 732

 Dean Mulqueeny       Prescribed Officer, AECI                                          8 578
                                                   
The Company’s interim financial reporting period ended on 30 June 2019 and the Company will be in
a closed period until the publication of its results for this reporting period on or about 24 July 2019.

Dispensation from the requirements of paragraphs 3.67 and 3.69 of the Listings Requirements was
obtained from the JSE for Messrs Dytor, Kathan, Ludick, Mulqueeny and Murray and for Ms Rapoo to
deal in AECI’s securities since no discretion was available to them in the vesting process.

Woodmead, Sandton
1 July 2019


Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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